D.A. Davidson Downgrades Several Tech Stocks; Which Tech Stocks Do Analysts Like?

Over the past few days, D.A. Davidson downgraded Rackspace Hosting, Inc. RAX from Neutral to Underperform, RF Micro Devices, Inc. RFMD and TriQuint Semiconductor TQNT from Buy to Neutral ratings, and maintained a Neutral rating for Gigamon Inc GIMO.

If D.A. Davidson does not like these tech companies, which ones does it like? And which ones are other research firms fond of?

Skyworks Solutions Inc SWKS

In early November, D.A Davidson reiterated its Buy rating for Skyworks Solutions, setting a $75 price target. The stock closed Monday at $68.51, leaving plenty of upside potential.

JMP Securities is also bullish on the stock and restated its Market Outperform rating on Monday, with a $95 price target. Moreover, Sterne Agee maintained a Buy rating and $72 target.

Splunk Inc SPLK

Summit Research Partners initiated coverage on Splunk and issued a Buy recommendation. Morgan Stanley also likes the stock and rated it Overweight, fixing an $82 price target -– up from Monday's close of $54.87.

Broadcom Corporation BRCM

Broadcom also received an upgrade on Monday, when Evercore ISI upped its recommendation from Hold to Buy, with a $55 price target.

Brean Capital has also rated Broadcom as a Buy recently, setting a $53 price target, while Goldman Sachs upgraded it in mid-November from a Neutral to a Buy.